Eurozone Retail Sales Drop In July

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Thursday, the Eurostat reported that Eurozone retail sales declined 0.2% in July from June, after staying flat in June. The statistical office revised June's figure from the initial estimate of 0.2% drop.

Year-on-year, sales were down 1.8%, smaller than June's 2% decline. Annual decline for June was revised from a 2.4% fall estimated initially.

Economists were looking for a monthly growth of 0.1% and an annual 2.2% fall for July.

Sales of food, drinks and tobacco slipped 0.5% on a monthly basis, while non food product sales remained unchanged in July.

In EU 27, retail sales grew 0.2% in July compared to June and eased 0.9% annually.

Thursday, the Eurostat reported that Eurozone retail sales declined 0.2% in July from June, after staying flat in June. (Market News Provided by RTTNews)